Member Info for WG818

You’re using figures from when they were installing it Tony. They were of course having to turn valves on and off during the hook up!

If the rates were dropping that dramatically you seriously are in trouble!!

Yesterday’s reading has appeared and was 0.1262.

Mondays figure is still missing.

“Childish games” Bubbles you called me clueless and Tony accused me of lying.

What I have given you is how I got the information and the basis of my Statement from company documents that are Factual! If you disagree with my thinking point out where what I say is wrong.

Play the ball not the man Bubbles….o and don’t SHOUT!!!

Bubbles

The week the proceeding the compressor package arriving early February,the output was very slightly above that what it was when it was turned on on the 11th and the following few days.

The CPR gives a 10% gas consumption used in production for P50, 15% for P90. Now as it’s actually producing half the P90 figure in gas and they haven’t added a well or done a workover it a fair assumption that the gas production has increased by around 25/30%. Not bad but as the gas being produced is half what was expected 15% on the most likely scenario, as I have pointed out the compressor is using that so no real difference. Yes as you keep getting upset about, it may increase with tweaking, but probably not to anything like what you seem to be suggesting. If the company thought it was we would have had a very more bullish RNS then that car crash the other day. Again as company guidance states will rise in the short term which it has before decreasing again.

Nothing childish there just reading all the information available. I guess you dispute it hit an all time low yesterday as well, how will that affect those £3.6 million that will be issued in confetti in the very near future future?

So I’m guessing that as Sundays production fell again to 0.1175 (about15%) someone (probably MR Forrest) sold 7.5 million £15.75k at an all time low of 0.21, possibly they may have a good idea of why yesterday’s production figure wasn’t published today!

As I said and have been proven correct Tony/bubbles the compressor is using actually more gas than it’s saving!

I see you went for 9 Tony ;)

Tony….how very upsetting for me :( . Your childish use of hilarious dots and brackets to highlight your ill thought out points makes my day.

Yes of course I use the daily gas flow rates.

https://data.nationalgas.com/find-gas-data

And I don’t recall ever saying they hadn’t risen after the compressor was installed on the 11th.

I did use the website supplied to point out that even with it installed it’s Saltfleetby is producing 5/6 % less than it was in the same week date period in February!……FACT. Some might regard that as using as much gas as it’s saving but hey how……I’ll miss you!

Like. Not post.

Just click the angs share price at the top and report post disappears …work out how to vote multiple times from there. As you say I don’t get many votes, figure it out!

tony.

once the honeymoon period is over and it starts falling as everyone accepts it will, it will at some point be using as much gas as it saves. that could be a lot sooner than expected.

with regards to your likes …..well it’s well know that you can like a post as many times as you want if you know how! you normally think 6 is about right **** sometimes 9 seems more like it doesn’t it. not very subtle …, your as daft in your obviousl wink wink… :)…as you are your ill informed posts!

Fair enough Bubbles. You got me there and I’m man enough to admit to a bleary eyed morning mistake reading a S as a B!

Let’s just see what the daily readings from Saltfleetby tell us over the next couple of weeks then to see where we are.

Given that they are constrained by the condensate storage (a nice problem to have according to Lord MeltonMowbry “ give us a guess as to your highest output, and whether the drop of will continue at the same rate since restarting.

I thought you weren’t reading my posts Bubbles!

From note 10

“ Following the analysis in which management considered the lower than expected production rates of BRX4Z following the workover performed in May 2024,”

In performing the impairment review, management assessed the economic value of individual production assets. Following the analysis in which management considered the lower than expected production rates of BRX4Z following the workover performed in May 2024, an impairment charge of £4.770m was recorded for Brockham Oil Field.

Furthermore, a sensitivity analysis has been carried out for Saltfleetby gas field and Brockham oil field and the results of the analysis can be summarised as follows:

· The estimated natural gas price would need to fall by circa 10 percentage points lower than the basis assumption before an impairment of the Saltfleetby gas field would need to be considered.

· The estimated brent crude price would need to fall by circa 4 percentage points lower than the base assumption for Brockham before an increased impairment of £100,000 to the respective oil field would need to be considered.

Bubbles. Far from “dissing” (down with the kids) I see I have stated that you seem to know your onions.

What I find unacceptable is that you unintentionally or deliberately give information to mug punters that doesn’t give the whole picture while trading. Then selling out leaving them in the lurch. Perhaps your expertise would be better served trading from the sidelines.

You got the Drill information wrong and deleted your account. Other posters got justified in there anger towards you and your History would have proved their anger correct.

You got the several other things wrong since your new incarnation and argue the toss on every occasion only to find I have been correct! again on the new compressor you are missing crucial bits of the puzzle!

For example you obviously haven’t read all the information available! The workover on SF4 has been done in May last year,(see note 10 on the annual accounts)and they have informed us there is a bottle neck in the Condensate storage.

Bubbles.

I’ll take the CPR and the company guidance for my guidance thank you, not the harping on of a self proclaimed “expert” who deletes his account when the rubbish you posted under push2 turned out to be less than accurate!! Ditto the other expert Alan2017 who also disappeared after his expert analysis turned out to be total rubbish.

Perhaps the rare will go up, perhaps not but as you yourself have pointed out it’s going to carry on declining and any work done on SF4 is going to drop the rate further.

You know as well as me that without a massive investment in new wells (which they don’t have the money for) or haven’t even re-applied for planning permission, they are at some point are going to fall under the hedge requirement and all the issues that will entail.

Erm… it’s not what anyone expected Tony. Everyone was thinking it was going to be much higher than that during the initial honeymoon period! It probably is producing considerably more than a week ago but it’s using the extra to power itself.

Another figure for you o consider. If you look at the same week from the 11th the day it came into operation in February. It is producing about 6% less than then even with the new compressor!

Try reading the CPR onetomany. It’s all in there. £750k for (SF4 the problem)we’llwas the figure supplied by Angus……so add half again!

I think your maths may be off a little there Mirasol?

It was producing between 1.75 and 2.00 back at that time.

Triple the gain taking away the gas used in the new compressor say 10% being generous would bring us up to around 1.5/6. That’s around the area I had expected. The trouble is that we have been told that there is a bottle neck in the amount of condensates the tanks can handle.

I’m sure you will have noticed that the figure from yesterday had actually fallen by a percentage point or 2 also. Let’s see what today s figure brings.

Amusing that the figure of 15/18% increased above gas produced at the beginning of March the company gives! If they had given the Figure for the gas produced at the beginning of February it would be down about 5%!

In other news Balcombe appeal rejected unanimously.

Mmmm…..that’s not good even by Angus standards. As I mentioned a few days ago the new compressor will actually use as much gas as it saves. They have told us as well as Bubbles that we will have a honeymoon period also. If we don’t see considerable improvement in the next couple of days they will be lucky to meet the hedge this time next year with drop of rates and no new wells drilled.

Nothing to stop those promises of Director buys now but don’t hold your breath on that RNS!

So it looks like it’s been hooked up. Production for yesterday was 0.1328. Highest in a couple of months.

Bubbles. You offer me that deal before…do you remember. I agreed. You lasted 2 days! In other words you lied!